Kagome

Nissin Foods Announces 2023 Annual Results, Net Profit Up 5.6% to HK$330.2 Million

Retrieved on: 
Tuesday, March 26, 2024
Cup Noodles, Growth, HK, Kagome, Sale, Acquisition, Nissin Foods

Gross profit was HK$1,303.1 million, with gross profit margin increased by 2.0 percentage points to 34.0% in 2023 from 32.0% (restated) in 2022.

Key Points: 
  • Gross profit was HK$1,303.1 million, with gross profit margin increased by 2.0 percentage points to 34.0% in 2023 from 32.0% (restated) in 2022.
  • Profit attributable to owners of the Company increased by 5.6% year-on-year to HK$330.2 million, improving the net profit margin from 7.7% (restated) in 2022 to 8.6%.
  • The financial position of the Group remained healthy, with net cash of approximately HK$1,310.4 million and HK$820.0 million in available banking facilities as at 31 December 2023.
  • Nissin Foods will continue to strengthen its overall competitiveness based on a well-diversified product portfolio and the premiumisation strategy.

Kagome and NEC establish a joint venture in Portugal to provide farming support for processed tomatoes using AI

Retrieved on: 
Wednesday, June 15, 2022
Solution, Climate change, Agriculture, Senior, Water, NEC, Safety, Population growth, Technology, Soil, Climate, Forecasting, Efficiency, Descriptive ethics, Food safety, Growth, Marketing, Farmer, Health, CFO, Food, Partnership, Fertilizer, ICT, DXAS, AI, Face, Kagome

Tokyo and Aichi, Japan, June 15, 2022 - (JCN Newswire) - Kagome Co., Ltd. and NEC Corporation will establish DXAS Agricultural Technology, a joint venture in Portugal to provide farming support for processed tomatoes using AI.

Key Points: 
  • Tokyo and Aichi, Japan, June 15, 2022 - (JCN Newswire) - Kagome Co., Ltd. and NEC Corporation will establish DXAS Agricultural Technology, a joint venture in Portugal to provide farming support for processed tomatoes using AI.
  • The production of processed tomatoes is expected to continue expanding in line with population growth and economic growth, particularly in emerging countries.
  • In 2015, Kagome and NEC began technological development and business verification of farming advice using AI(1) with the aim of realizing environmentally friendly and highly profitable farming.
  • "Going forward, NEC will work with the new company and Kagome to provide direct value to society through NEC technologies that contribute to food production and agriculture worldwide."

NEC and Kagome contribute to the sustainability of farming through enhancing the CropScope agricultural ICT platform

Retrieved on: 
Monday, June 7, 2021
Companies, Economy of Japan, Kagome, NEC

TOKYO, June 7, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced the enhancement of CropScope, its agricultural ICT platform, which NEC has been operating jointly with Kagome Co, Ltd. since April 2020.

Key Points: 
  • TOKYO, June 7, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced the enhancement of CropScope, its agricultural ICT platform, which NEC has been operating jointly with Kagome Co, Ltd. since April 2020.
  • As a result, NEC expects to expand the number of new contracts for the platform, and to contribute to the achievement of more sustainable farming by resolving challenging farming issues.
  • This platform enables tomato producers, regardless of skill level, to stabilize their harvests and reduce cultivation costs, while implementing environmentally friendly farming.
  • Key enhancements to CropScope are as follows:
    In 2020, NEC and Kagome conducted demonstration tests of CropScope in collaboration with an Australia-based Kagome subsidiary, KAGOME Australia Pty Ltd.

Scrum Ventures Announces Expanded Partners and Reveals Early Accepted Startups to Food Tech Studio - Bites!

Retrieved on: 
Wednesday, December 23, 2020
Companies, Industries, Economy of Japan, Kagome, Scrum, Hitachi, Food

The program has also expanded its Leadership Circle with the addition of Fujicco, House Foods, Kagome and Tokyo Gas as partners.

Key Points: 
  • The program has also expanded its Leadership Circle with the addition of Fujicco, House Foods, Kagome and Tokyo Gas as partners.
  • Hitachi Global Life Solutions, JR East and Orange Page were also added on as strategic partners.
  • Over the next month, Scrum Ventures will work closely with its partners on the final selection process that will bring better and more efficient processes within the food development ecosystem.
  • For more information on Scrum Ventures and Food Tech Studio - Bites!, please visit: https://www.foodtech.studio/

NEC and Kagome to Provide AI-enabled Services That Improve Tomato Yields

Retrieved on: 
Tuesday, March 31, 2020
Technology, Mobile, Wireless, Software, Food, Beverage, Hardware, Retail, Agriculture, Data management, Natural Resources, Companies, Articles, Economy of Japan, Kagome, NEC, Tomato, Artificial intelligence

NEC Corporation today announced the conclusion of a strategic partnership agreement with Kagome Co., Ltd. to launch agricultural management support services utilizing AI for leading tomato processing companies.

Key Points: 
  • NEC Corporation today announced the conclusion of a strategic partnership agreement with Kagome Co., Ltd. to launch agricultural management support services utilizing AI for leading tomato processing companies.
  • This AI enables the service to provide data on the best timing and amounts of irrigation and fertilizer for healthy crops.
  • NEC and Kagome began agricultural collaboration in 2015, and by 2019 they had conducted demonstrations in regions that include Portugal, Australia and the USA.
  • NEC is pleased to have signed a strategic partnership agreement with Kagome, said Masamitsu Kitase, General Manager, Corporate Business Development Division, NEC.

Global Lycopene Market Forecast Report to 2026: Includes Company Profiling with Detailed Strategies, Financials and Recent Developments - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 30, 2019
Manufacturing, Chemicals, Plastics, IG Farben, Companies, Industries, Economy of Germany, Carotenoids, Food colorings, Hydrocarbons, Dietary Supplements, Lycopene, Bayer, BASF, Kagome

However, increase in harmful effects with the usage of lycopene and stringent government regulations are hindrance for the growth of the market.

Key Points: 
  • However, increase in harmful effects with the usage of lycopene and stringent government regulations are hindrance for the growth of the market.
  • In addition, development in the technology and adoption of lycopene in emerging economies acts as growth opportunities for the market.
  • Some of the key players in Lycopene market include BASF, Bayer, NBTY, Kagome, DSM Company, Hoffmann-La Roche, General Nutrition Cente, Wellgreen Technology, and LycoRed.
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
    Company profiling with detailed strategies, financials, and recent developments